Episode Highlights

Macro conditions have not spared the crypto markets.

The implosion of UST/LUNA, and crises in the centralized crypto lending space have further shaken investor confidence.

Regulation might be needed to protect crypto lending firms from themselves and to protect investors

Retail investors need to protect themselves as well. 

Episode Links:

Bloomberg: https://www.bloomberg.com/news/articles/2022-05-20/outflows-hit-every-asset-as-bofa-signal-flashes-buy-for-stocks

Celsius: 

https://www.coindesk.com/business/2022/06/16/how-crypto-lender-celsius-overheated/

https://decrypt.co/104698/celsius-lost-390m-client-funds-from-high-risk-levered-trading-arkham-report

Vauld: https://www.coindesk.com/business/2022/07/04/lending-platform-vauld-looks-to-restructure-amid-crypto-downturn-suspends-transactions/

3AC:

https://cointelegraph.com/news/three-arrows-capital-has-failed-to-meet-margin-calls-report

https://www.theblock.co/post/155578/three-arrows-capital-files-for-chapter-15-bankruptcy-in-new-york

Exposure to 3AC

Blockfi: https://blockfi.com/a-message-from-our-founders-july-2022

Voyager: https://www.newswire.ca/news-releases/voyager-digital-provides-market-update-825686912.html

Genesis:https://cointelegraph.com/news/genesis-trading-ceo-confirms-3ac-exposure-parent-company-helps-plug-losses

Blockchain.com: https://www.coindesk.com/business/2022/07/08/crypto-exchange-blockchaincom-faces-250m-hit-on-loans-to-three-arrows-capital/